PayPal launched PayPal Complete Payments in China, an all-in-one platform designed to help Chinese merchants expand globally.

Key Details:

• Launch Date: September 26, 2024
• Location: Shenzhen, China
• Event: Engaged over 700 merchants and partners to discuss business strategies and payment solutions.

Features of PayPal Complete Payments:

• Cross-Border Capabilities: Streamlines payment and receivables processes for businesses of all sizes, facilitating global trade.
• User Access: Enables transactions in approximately 200 countries and regions, covering over 100 currencies.
• Active Users: Provides access to over 400 million active PayPal users and billions of international consumers.
• Payment Options: Enhances the checkout experience for international buyers and allows quick fund settlement for merchants.
• RMB Transactions: Integrates a one-stop solution for cross-border RMB transactions, simplifying global fund management.
• Risk Management: Employs advanced tools powered by AI and big data for fraud protection and risk analysis.

Quotes:

• Suzan Kereere (President, Global Markets): Emphasized the platform’s role in enabling secure and seamless cross-border transactions for Chinese businesses.
• Hannah Qiu (Senior VP, China CEO): Highlighted PayPal’s commitment to enhancing system capabilities for merchants.
• Michelle Gill (Executive VP, SMB and Financial Services): Noted the importance of SMEs in global trade and PayPal’s role in integrating them into the global economy.

Partnerships:
PayPal collaborates with major e-commerce platforms (e.g., Shoplazza, Shopyy, Ueeshop, BigCommerce, WooCommerce) to tailor user experiences for Chinese merchants.

Background on PayPal in China:

• Investment History: PayPal has invested in China since 2004, establishing multiple wholly-owned subsidiaries.
• Market Position: The first foreign platform in China’s online third-party payments market.

Conclusion:
PayPal’s Complete Payments platform aims to empower Chinese SMEs to thrive in the global digital economy by providing secure, efficient payment solutions tailored to their needs.

PayPal launched PayPal Complete Payments in China, an all-in-one platform designed to help Chinese merchants expand globally.

Key Details:

• Launch Date: September 26, 2024
• Location: Shenzhen, China
• Event: Engaged over 700 merchants and partners to discuss business strategies and payment solutions.

Features of PayPal Complete Payments:

• Cross-Border Capabilities: Streamlines payment and receivables processes for businesses of all sizes, facilitating global trade.
• User Access: Enables transactions in approximately 200 countries and regions, covering over 100 currencies.
• Active Users: Provides access to over 400 million active PayPal users and billions of international consumers.
• Payment Options: Enhances the checkout experience for international buyers and allows quick fund settlement for merchants.
• RMB Transactions: Integrates a one-stop solution for cross-border RMB transactions, simplifying global fund management.
• Risk Management: Employs advanced tools powered by AI and big data for fraud protection and risk analysis.

Quotes:

• Suzan Kereere (President, Global Markets): Emphasized the platform’s role in enabling secure and seamless cross-border transactions for Chinese businesses.
• Hannah Qiu (Senior VP, China CEO): Highlighted PayPal’s commitment to enhancing system capabilities for merchants.
• Michelle Gill (Executive VP, SMB and Financial Services): Noted the importance of SMEs in global trade and PayPal’s role in integrating them into the global economy.

Partnerships:
PayPal collaborates with major e-commerce platforms (e.g., Shoplazza, Shopyy, Ueeshop, BigCommerce, WooCommerce) to tailor user experiences for Chinese merchants.

Background on PayPal in China:

• Investment History: PayPal has invested in China since 2004, establishing multiple wholly-owned subsidiaries.
• Market Position: The first foreign platform in China’s online third-party payments market.

Conclusion:
PayPal’s Complete Payments platform aims to empower Chinese SMEs to thrive in the global digital economy by providing secure, efficient payment solutions tailored to their needs.